|Bid||54.63 x 1800|
|Ask||55.41 x 3000|
|Day's Range||54.73 - 55.72|
|52 Week Range||27.53 - 58.70|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||39.06|
|Forward Dividend & Yield||1.61 (2.92%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
Nucor Corporation (NYSE: NUE) ("Nucor" or the "Company") today announced the commencement of offers (each, an "Exchange Offer," and, collectively, the "Exchange Offers"), upon the terms and subject to the conditions set forth in an offering memorandum, dated today (the "Offering Memorandum"), and the related letter of transmittal, dated today (together with the Offering Memorandum, the "Offering Documents"), to certain Eligible Holders (as defined below) to exchange the Company's outstanding debt securities listed in the table below (collectively, the "Existing Notes") for consideration consisting of up to $650,000,000 aggregate principal amount (the "New Notes Issuance Limit") of the Company's new notes due 2055 (the "New Notes") and cash. The Company reserves the right, but is not obligated, to increase the New Notes Issuance Limit in its sole discretion without extending the Withdrawal Deadline (as defined below) or otherwise reinstating withdrawal rights.
Nucor Corporation (NYSE: NUE) announced today that it has signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts (MWac) of new solar energy in Texas. The agreement, which will enable EDFR to add more clean energy to the region's power grid, is Nucor's first VPPA and the largest of its kind for the steel industry.
Nucor Corporation (NYSE: NUE) has entered into an asset purchase agreement to acquire the Precoat Metals Corporation's paint line facility located in Armorel, Arkansas. The paint line facility, located near the Nucor Steel Arkansas sheet mill campus, has a capacity of approximately 250,000 tons per year. Nucor considered building a greenfield paint line before deciding to acquire the Precoat Metals facility.